Key Points Tesla CFO Vaibhav Taneja sold 3,000 shares on May 13 at an average price of $450, totaling about $1.35 million. The sale was disclosed in an SEC filing and was tied to tax withholding obligations related to vested equity awards. Taneja has been selling shares recently, including a March 6 sale of 2,264 shares at an average price of $397.03. After the latest transaction, he still held 18,106 shares valued at roughly $8.15 million. Tesla’s recent news flow is mixed: positives include a planned $250 million investment in its Berlin Gigafactory and continued investor demand, while negatives include robotaxi safety concerns, muted China-related progress, and a critical Australian class-action ruling. Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Tesla’s Cybercab Is Finally Real—But Is It Enough? A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new position in Tesla in the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new position in Tesla in the second quarter valued at about $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the period. Friedenthal Financial raised its position in Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in Tesla in the third quarter valued at about $29,000. Institutional investors and hedge funds own 66.20% of the company's stock. Analyst Ratings Changes Several equities research analysts have recently issued reports on TSLA shares. Cantor Fitzgerald restated an "overweight" rating and set a $510.00 price objective on shares of Tesla in a report on Wednesday, April 22nd. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a report on Thursday, April 23rd. HSBC started coverage on Tesla in a report on Monday, April 27th. They set a "buy" rating on the stock. Roth Mkm restated a "buy" rating on shares of Tesla in a report on Thursday, April 23rd. Finally, Morgan Stanley set a $415.00 price objective on Tesla and gave the stock an "equal weight" rating in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $395.20.